Given the Historical Cost of Product Dominoe Is $65, the Selling

question 112

Multiple Choice

Given the historical cost of product Dominoe is $65, the selling price of product Dominoe is $90, costs to sell product Dominoe are $16, and the cost to complete the product is $14, what is the amount that should be used to value the inventory under the lower-of-cost-or-net realizable value method?

• A)$65.
• B)$76.
• C)$60.
• D)$74.

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